Clement Pappas lead the way a couple of weeks ago and increased their base for the 2011 crop to $30/barrel. I just heard that Cott/Cliffstar has followed and raised their base price for the crop delivered last year to $30. Hooray! It looks like prices out their have increased enough to warrent paying the growers more and hopefully it will bring everyone to breakeven and keep us from taking money out of savings (or borrowing from the banks) to grow this crop. We can only hope!
The second reporting cycle for the CMC is just out and under review, but it still shows plenty of cranberries for everyone, so I think the price for this next crop will depend a lot on the size of the crop. I’m hearing of some side shooting in Wisconsin but otherwise a good crop. What is everyone else seeing, hearing?